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A baker will supply 18 jumbo cinnamon rolls to a cafe at a price of $3.89 each. If she is offered $3.51, then she will supply 2 fewer rolls to the cafe. The cafe's demand for jumbo cinnamon rolls is given by p = D(x) = -0.65x + 9.71. What is the equilibrium point?

Respuesta :

okpalawalter8

We have that The equilibrium point is at

P=-2.37

From the question we are told that

A baker will supply 18 jumbo cinnamon rolls to a cafe at a price of $3.89 each.

If she is offered $3.51, then she will supply 2 fewer rolls to the cafe.

[tex]p = D(x) = -0.65x + 9.71.[/tex]

Generally

The supply curve equation is

[tex]\frac{Q-18}{P-3.50}=\frac{3.50-2.86}{18-14}\\\\P=6.25Q-109[/tex]

Where

P=p

Therefore

[tex]6.25Q-109= -0.65x + 9.71\\\\P=-2.37[/tex]

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